Amazon
Facts
- HQ
- SEATTLE
- Sectors
- E-commerce, Cloud computing, Aerospace/Satellites, Media/Streaming, Advertising, Consumer devices
- Founded
- 1994
- Type
- Corporation Seattle business license
- Employees
- 1600000
- Registered name
- Amazon.Com Inc Seattle business license
- Stage
- Public
Nvidia Acquires Seattle AI Startup OctoAI for Over $250 Million, Ending Its Service Offering by October 31
Nvidia has acquired Seattle-based AI startup OctoAI, which helps run generative AI models efficiently, for a price potentially exceeding $250 million including retention incentives. OctoAI is winding down its services by October 31, marking Nvidia's continued expansion in AI amid rising regulatory scrutiny.
Seattle Freeze and Pessimistic Culture Challenge City’s Startup Growth, Say Local Entrepreneurs
Seattle's startup scene struggles with a culture known as the 'Seattle Freeze' and a 'celebration of pessimism,' creating challenges like passive-aggressiveness and discouragement among entrepreneurs. Industry leaders at a Washington Technology Industry Association event noted that this social dynamic hinders networking, investment, and the enthusiasm needed for startup growth.
Seattle Startup SoundGTM Launches B2B Referral Marketplace to Scale Sales with $325K Funding
Seattle startup SoundGTM, founded by Jenn Steele and Kevin Boehm, launched a referral marketplace platform to help B2B companies boost sales by connecting them with go-to-market professionals on a pay-for-success model. The company, backed by $325,000 in funding and a small team, operates with an annual subscription and commissions paid upon milestone achievements.
Madrona Hires Anna Chen to Boost Bay Area Operations; Alexandra Tibbets Returns to Microsoft; Niraj Tolia Named Veeam CTO
Madrona expands its Bay Area team by hiring investor Anna Chen to focus on enterprise software, AI, and consumer subscriptions, while Alexandra Tibbets returns to Microsoft as chief of staff and Niraj Tolia becomes CTO of Veeam Software following their acquisition of an AI startup.
Amazon CEO Andy Jassy Mandates Full-Time Office Return to Foster Startup Culture Amid E-Commerce Challenges
Amazon CEO Andy Jassy plans to return employees to office full-time to revive startup agility amid e-commerce challenges, while GeekWire revisits driverless car experiences highlighting progress and controversy.
Amazon's quest to become a startup again; Driverless cars, 6 years later
Amazon's decision to bring its employees back to the office five days a week is a window into the challenges facing the e-commerce and technology giant, and CEO Andy Jassy's larger plan to get the company to operate like "the world's largest startup" again. Plus, GeekWire's John Cook gets into the back seat of a driverless car for the first time since 2018, and has a very different experience. Coverage of Amazon's announcement: Amazon ‘will return to being in the office the way we were’ before the pandemic, CEO tells employees ‘The way we were’: Amazon tries to rekindle its…
Amazon CEO Andy Jassy Mandates Full-Time Office Return and Reduces Managers by 15% by Early 2025
Amazon CEO Andy Jassy announced that starting January 2025, employees will be required to work from the office five days a week, reversing the work-from-home flexibility adopted during the pandemic. Additionally, Amazon plans to reduce the number of managers to increase individual contributors by 15% by the end of Q1 2025 to foster streamlined decision-making and collaboration.
Ascend Launches Seattle-Focused Co-Founder Matching Program at Annual Founders Bash
Ascend, an early stage venture firm, launched a Seattle-focused co-founder matching program at its annual Founders Bash, emphasizing the importance of selecting co-founders with complementary skills and past working experience. Entrepreneurs highlight trust and proven partnerships as key factors for startup success.
Viome Raises $25M, Hires Ex-Amazon Exec Kal Raman as COO to Expand CancerDetect Diagnostic
Viome, a microbiome and health diagnostics startup, raised $25 million and hired former Amazon senior VP Kal Raman as COO to expand its diagnostic division. The company’s CancerDetect test for oral and throat cancer, granted FDA breakthrough device status, exhibits high sensitivity and specificity.
Seattle Climate Startup Earth Finance Acquires Water Foundry, Expands Water Scarcity Expertise
Seattle-based climate consulting startup Earth Finance, founded last year and employing about 40 people, has acquired Water Foundry to enhance its capabilities in addressing water scarcity and quality as part of climate action. The acquisition adds Water Foundry’s founder Will Sarni as practice leader, strengthening Earth Finance’s multi-pronged approach to helping global businesses reduce carbon emissions and shift toward clean energy.
Seattle Carbon Removal Startup Nori Shuts Down After Raising $17.25M and Seven Years of Operation
Seattle-based carbon removal startup Nori, which raised $17.25 million and operated a blockchain-enabled marketplace for carbon credits, has shut down after seven years due to challenges in the voluntary carbon market and funding difficulties. Despite being on track to remove over 700,000 tons of carbon in 2023 and directing $6.5 million to farmers, Nori ceased operations amid an uncertain and evolving carbon credit sector.
Seattle’s Revefi Raises $20M Series A Led by Icon Ventures to Launch AI Data Engineer Product Raden
Seattle startup Revefi raised $20 million in a Series A funding round led by Icon Ventures to develop its new AI-powered product, Raden, which optimizes data warehouse usage. The company has seen 800% revenue growth and plans to expand its AI data engineering platform.
Debate on 'Founder Mode' Leadership Highlights Amazon's Jeff Bezos and Microsoft's Satya Nadella Approaches
The article discusses the debate on 'Founder Mode' leadership sparked by Brian Chesky and Paul Graham, contrasting hands-on founder involvement with traditional management approaches. Examples from Jeff Bezos and Satya Nadella illustrate different leadership styles at Amazon and Microsoft, highlighting no one-size-fits-all model.
Pack Ventures Seeks $30M for Second Fund to Invest in University of Washington-Linked Startups
Pack Ventures, a venture capital fund focused on University of Washington-linked startups, raised $5 million for its first fund and is now aiming to raise $30 million for a second fund to expand its investments. The firm has established a preferred partnership with UW and co-invests with other Seattle VCs in companies across life sciences, software, and healthcare sectors.
Seattle Startup Replenium Sues Albertsons for Trade Secret Theft in Automated Grocery Replenishment Case
Seattle startup Replenium has sued Albertsons Companies for allegedly stealing trade secrets to develop its own automated grocery replenishment service after a three-year partnership. The lawsuit claims misappropriation of trade secrets and breach of contract, seeking financial damages.
Temporal Founders Bet on Open Source and Developers to Enable Invincible Applications
Madrona Managing Director Soma Somasegar hosts Temporal Co-Founders Samar Abbas and Maxim Fateev in studio. Temporal was founded in 2019 based on an open-source microservices orchestration engine project but is the result of a more than decade-long partnership between the two co-founders that spanned their time working on different iterations of the same thing at AWS, Microsoft, and Uber. In this episode, Soma, Samar, and Maxim dive into the challenges of building an open-source ecosystem while also working on a commercial offering and scaling a successful company, how to navigate and adjust a product roadmap in an ever-changing world of…
Devin Lammers Named CEO of TerraClear to Drive Growth After $15M Series A for Rock-Clearing AI Technology
Devin Lammers was appointed CEO of TerraClear, a rock-mapping and picking startup, to lead its market expansion following a $15 million Series A funding round. TerraClear develops AI-driven technology to help farmers remove large rocks from fields, addressing a common agricultural challenge.
Microsoft, Amazon, AI, the economy, and another bad tech ad
This week on the GeekWire Podcast, we take a closer look at the earnings reports from Microsoft and Amazon this week, as a litmus test for artificial intelligence demand and the state of the economy. We also consider the implications of Boeing's new CEO being based in the Seattle region, discuss a new AI tool that aims to streamline marketing tasks, and weigh in on the backlash to Google's Olympics ad for its Gemini AI chatbot Microsoft capital spending soars to $19B, betting big on AI, as Azure growth underwhelms Wall Street Amazon sales come up short, profits nearly double…
Bill Gates' Breakthrough Energy Ventures Raises $839 Million New Fund for Climate Innovation
Bill Gates' Breakthrough Energy Ventures is raising a new $839 million fund focused on climate innovations across electricity, transportation, manufacturing, buildings, and agriculture. Since its 2015 launch with industry leaders like Jeff Bezos and Mark Zuckerberg, the initiative has invested nearly $2 billion in over 100 companies.
Protect AI Acquires Bangalore-Based SydeLabs to Enhance Generative AI Security Capabilities
Seattle cybersecurity startup Protect AI acquired Bangalore-based SydeLabs, a startup specializing in securing generative AI systems, adding nine employees to its team. This acquisition follows Protect AI's recent $35 million funding round and earlier acquisition of Laiyer AI, enhancing its capabilities in monitoring machine learning systems.
Seattle Tech Week Returns July 29 with Focus on AI Innovation and Healthcare, Backed by Madrona Ventures
Seattle Tech Week returns starting July 29, featuring panel discussions and networking events centered on AI innovations and healthcare advancements in the Seattle tech ecosystem, coordinated by Madrona Ventures and other sponsors. The event highlights Seattle’s strong presence in AI and biotech sectors with sessions led by local tech giants, researchers, and startups.
Seattle Startup Momento Raises $15M Series A Led by Bain Capital Ventures to Accelerate Software Infrastructure
Seattle startup Momento, founded by former AWS engineers, raised $15 million in a Series A round led by Bain Capital Ventures to accelerate software infrastructure tools. Momento's technology supports clients like Wyze Labs and ZigZaGame by enabling faster database access, messaging at scale, and cloud caching integration.
Bling Capital's Kyle Lui Critiques Seattle Startups for Low Ambition Compared to Bay Area
Kyle Lui, a longtime Silicon Valley venture capitalist and general partner at Bling Capital, says Seattle's startup ecosystem lacks ambitious founders aiming for large-scale industry leadership, favoring more modest, local outcomes instead. Lui believes this cautious mindset limits the growth of unicorns in Seattle compared to markets like the Bay Area and New York.
Transforming TV Advertising: iSpot's Sean Muller on the Role of AI and the Future of Streaming
In this episode of Founded & Funded, Madrona Venture Partner Len Jordan sits down with Sean Muller, Founder and CEO of iSpot, to talk about the company's evolution in measuring TV advertising for both conventional and streaming platforms. Sean delves into strategic partnerships, acquisitions, and the rise of ad-supported streaming. They discuss the impact of sports on advertising, challenges for marketers in balancing investments across various channels, and the innovative strides iSpot is making with AI-driven planning and real-time data. Tune in to explore the future of TV advertising and iSpot's role in shaping it. Transcript: https://www.madrona.com/transforming-tv-advertising-ispot-sean-muller-the-role-of-ai-future-of-streaming (00:00) Introduction (01:35)…
American Airlines to Buy 100 Hydrogen Electric Engines from ZeroAvia for CRJ700 Jets
American Airlines plans to purchase 100 hydrogen electric engines from clean aviation startup ZeroAvia to power its regional Bombardier CRJ700 jets, supporting the development of zero-emission aircraft propulsion. ZeroAvia, founded in 2017, is advancing certification of its ZA600 and ZA2000 hydrogen fuel cell engines and has opened a large manufacturing facility in Washington.
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Jamie Siminoff Executive, Vice President
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Steve Rabuchin Executive, Vice President of Project Kuiper (Amazon Leo)
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Ben Wild Co-founder of Hubble Network, Former Amazon Product Lead
